Analysis Today TheBitTimes.com

The US dollar outperformed all leading currencies this month including the Chinese Yuan, Japanese Yen, and the Indian Rupee. The USD also outpaced the Sterling Pound to become the most powerful currency of April 2024. However, despite the prowess, the US dollar failed to surpass one particular Local Currency and dipped double digits against it. Also Read: Wages in the US Rise 7%, Home Prices Skyrocket 45% This particular Local Currency is rallying hard against the US dollar making it fall during every single trade this year. The policies of the country helped their currency shoot up in price making the USD head south rapidly. So which is the Local Currency that managed to outshine the mighty USD? Well, the answer is Nigeria n Naira . Also Read: US Dollar Outshines the Chinese Yuan, Japanese Yen & Indian Rupee Local Currency Nigerian Naira Rises 12% Against the US Dollar Source: Reuters Local currency, the Nigerian Naira experienced a sustained rally this year...

Bitcoin Lightning Network adoption receives a boost with the launch of USD payments and decentralized social media platform, Nostr. Bitcoin’s Lightning Network (LN) capacity recently surpassed an all-time high of 5,000 BTC.  The Lightning Network is a neutral protocol built on top of Bitcoin and currently it does not have a “native” token attached to it like many decentralized finance platforms. Although the Lightning Network’s total liquidity is less than 0.5% of the ETH in DeFi contracts, the uptrend in Bitcoin’s LN capacity versus a downtrend in the amount of ETH locked in smart contracts is encouraging for LN development. Total ETH locked in DeFi contracts (top) and total BTC in Lightning Network channels (bottom). Source: DefiLlama While the liquidity on the LN has been rising consistently, the number of channels on the peer-to-peer network dropped drastically in November following the FTX collapse. It could be due to an exodus of miners operating LN nodes besides running mining ...